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The Indian 1000-rupee banknote (₹ 1000) is an obsolete denomination of the Indian rupee.It was first introduced by the Reserve Bank of India in 1938 under British rule and subsequently demonetized in 1946.
[27] [28] RBI said that 2,000 bank notes continue to be legal tender. [29] On 1 March 2024, Reserve Bank of India informed that 97.62% of Rs 2,000 notes have been returned to the banking system, however Rs 2,000 notes worth Rs 8,470 crore are still in circulation with public, at the close of business on 29 February 2024.
Global analysts cut their forecasts of India's real GDP growth rate for the financial year 2016–17 by 0.5 to 3% due to demonetisation. [147] [148] India's GDP in 2016 is estimated to be US$2.25 trillion, hence, each 1 per cent reduction in growth rate represents a shortfall of US$22.5 billion (₹1.54 trillion) for the Indian economy. [149]
The ₹ 500 banknote of the Mahatma Gandhi Series is 167 × 73 mm orange-yellow coloured, with the obverse side featuring a portrait of Mahatma Gandhi with a signature of the governor of the Reserve Bank of India. It has the Braille feature to assist the visually challenged in identifying the currency. The reverse side features the Gyarah Murti ...
The Gandhi Series of banknotes are issued by the Reserve Bank of India (RBI) as the legal tender of Indian rupee. The series is so called because the obverse of the banknotes prominently display the portrait of Mahatma Gandhi. Since its introduction in 1996, this series replaced all Lion Capital Series banknotes issued before 1996. The Reserve ...
On 25 August 2017, the Reserve Bank of India introduced a new ₹200 banknote in the Mahatma Gandhi (New) Series. [18] The new version of the note has a depiction of Sanchi Stupa on the reverse, depicting the country’s cultural heritage. The base colour of the note is Bright Yellow. The dimensions of the banknote are measured at 146 mm x 66 ...
It produces Indian bank notes. It was established in 1995 to address the demand of bank notes. It operates in Indian and global markets, catering to security document needs of Central banks and monetary authorities of the world by designing, printing and supplying banknotes. BRBNM supplies a major portion of bank note requirement in the country ...
The preamble of the Reserve Bank of India describes the basic functions of the reserve bank as: [13]...to regulate the issue of Bank notes and keeping of reserves with a view to securing monetary stability in India and generally to operate the currency and credit system of the country to its advantage; to have a modern monetary policy framework to meet the challenge of an increasingly complex ...